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PREPARE A SCHEDULE OF COLLECTIONS FROM SALES AND A SCHEDULE OF PAYMENTS FOR MANUFACTURING COSTS: 9. Cash Collection Policy Total sales consist of the following:
PREPARE A SCHEDULE OF COLLECTIONS FROM SALES AND A SCHEDULE OF PAYMENTS FOR MANUFACTURING COSTS:
9. Cash Collection Policy Total sales consist of the following: Cash sales: 5% Credit sales: 95% Credit collections are as follows: In the month following the month of sale: In the second month following the month of sale: 7% 25% 7% The accounts receivable balance of as of December 31, 2018, represents of credit sales made in December plus be collected in January. It also includes be collected in February. 25% 25% of credit sales made in November to of credit sales made in December to The Company does not have bad debts
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